ID: MRFR/ICT/2315-HCR | February 2021 | Region: Global | 100 Pages
Table Of Contents
1 Market Introduction
1.1 Introduction
1.2 Scope Of Study
1.2.1 Research Objective
1.2.2 Assumptions
1.2.3 Limitations
1.3 Market Structure:
1.3.1 Global Tokenization Market : By Component
1.3.2 Global Tokenization Market : By Application Area
1.3.3 Global Tokenization Market : By Deployments
1.3.4 Global Tokenization Market : By Organization Size
1.3.5 Global Tokenization Market : By End User
1.3.6 Global Tokenization Market : By Region
2 Research Methodology
2.1 Research Component
2.2 Primary Research
2.3 Secondary Research
2.4 Forecast Model
3 Market Dynamics
3.1 Introduction
3.2 Market Drivers
3.3 Market Challenges
3.4 Market Opportunities
4 Executive Summary
5. Market Factor Analysis
5.1 Porter’s Five Forces Analysis
5.2 Supply Chain Analysis
6 Tokenization Market
6.1 Introduction
6.2 Market Statistics
6.2.1 By Component
6.2.1.1 Solution
6.2.1.2 Service
6.2.1.3 Support And Maintenance
6.2.1.4 Managed Services
6.2.1.5 Consulting
6.2.1.6 Training And Education
6.2.1.7 Integration Services
6.2.1.8 Professional Services
6.2.1.9 Others
6.2.2 By Application Area
6.2.2.1 Payment Security
6.2.2.2. User Authentication
6.2.2.3 Compliance Management
6.2.2.4 Others
6.2.3 By Deployment
6.2.3.1 Indoor Positioning System
6.2.3.2 Outdoor Positioning System
6.2.4 By Organization Size
6.2.4.1. Small And Medium-Sized Enterprises (Smes)
6.2.4.2. Large Enterprises
6.2.5 By End-User
6.2.5.1 Government And Defence
6.2.5.2 Retail
6.2.5.3 Bfsi
6.2.5.4 Education
6.2.5.5 Commercial
6.2.5.6 Healthcare
6.2.5.7 Others
6.2.6 By Region
6.2.6.1 North America
6.2.6.2 Europe
6.2.6.3 Apac
6.2.6.4 Row
7 Company Profiles
7.1 Cybersource Corporation (Us)
7.2 Symantec Corporation (Us)
7.3 Gemalto Nv (Netherlands)
7.4 Cardconnect Corp. (Us)
7.5 Thales E-Security, Inc. (Us)
7.6 3delta Systems, Inc. (Us)
7.7 Ciphercloud (Us)
7.8 Hewlett-Packard Enterprises (Us)
7.9 Liaison Technologies, Inc. (Us)
7.10 Protegrity Usa, Inc. (Us)
7.11 Futurex (Us)
7.12 Fiserv, Inc. (Us)
7.13 Paymetric, Inc. (Us)
7.14 First Data Corporation (Us)
7.15 Tokenex Llc (Us)
7.16 Others
List Of Tables
Table 1 Tokenization Market, By Component
Table 2 Tokenization Market, By Application Area
Table 3 Tokenization Market, By Deployment
Table 4 Tokenization Market, By Organization Size
Table 5 Tokenization Market, By End-User
Table 6 Tokenization Market, By Regions
Table 7 North America Tokenization Market, By Component
Table 8 North America Tokenization Market, By Application Area
Table 9 North America Tokenization Market, By Deployment
Table 10 North America Tokenization Market, By Organization Size
Table 11 North America Tokenization Market, By End User
Table 12 North America Tokenization Market, By Region
Table 13 U.S. Tokenization Market, By Component
Table 14 U.S. Tokenization Market, By Application Area
Table 15 U.S. Tokenization Market, By Deployment
Table 16 U.S. Tokenization Market, By Organization Size
Table 17 U.S. Tokenization Market, By End-User
Table 18 U.S. Tokenization Market, By Region
Table 19 Canada Tokenization Market, By Component
Table 20 Canada Tokenization Market, By Application Area
Table 21 Canada Tokenization Market, By Deployment
Table 22 Canada Tokenization Market, By Organization Size
Table 23 Canada Tokenization Market, By End-User
Table 24 Canada Tokenization Market, By Region
Table 25 Europe Tokenization Market, By Component
Table 26 Europe Tokenization Market, By Application Area
Table 27 Europe Tokenization Market, By Deployment
Table 28 Europe Tokenization Market, By Organization Size
Table 29 Europe Tokenization Market, By End-User
Table 30 Europe Tokenization Market, By Region
Table 31 Germany Tokenization Market, By Component
Table 32 Germany Tokenization Market, By Application Area
Table 33 Germany Tokenization Market, By Deployment
Table 34 Germany Tokenization Market, By Organization Size
Table 35 Germany Tokenization Market, By End-User
Table 36 Germany Tokenization Market, By Region
Table 37 France Tokenization Market, By Component
Table 38 France Tokenization Market, By Application Area
Table 39 France Tokenization Market, By Deployment
Table 40 France Tokenization Market, By Organization Size
Table 41 France Tokenization Market, By End-User
Table 42 France Tokenization Market, By Region
Table 43 U.K. Tokenization Market, By Component
Table 44 U.K. Tokenization Market, By Application Area
Table 45 U.K. Tokenization Market, By Deployment
Table 46 U.K. Tokenization Market, By Organization Size
Table 47 U.K. Tokenization Market, By End-User
Table 48 U.K. Tokenization Market, By Region
Table 49 Rest Of Europe Tokenization Market, By Component
Table 50 Rest Of Europe Tokenization Market, By Application Area
Table 51 Rest Of Europe Tokenization Market, By Deployment
Table 52 Rest Of Europe Tokenization Market, By Organization Size
Table 53 Rest Of Europe Tokenization Market, By End-User
Table 54 Rest Of Europe Tokenization Market, By Region
Table 55 Asia-Pacific Tokenization Market, By Component
Table 56 Asia-Pacific Tokenization Market, By Application Area
Table 57 Asia-Pacific Tokenization Market, By Deployment
Table 58 Asia-Pacific Tokenization Market, By Organization Size
Table 59 Asia-Pacific Tokenization Market, By End-User
Table 60 Asia-Pacific Tokenization Market, By Region
Table 61 Rest Of World Tokenization Market, By Component
Table 62 Rest Of World Tokenization Market, By Application Area
Table 63 Rest Of World Tokenization Market, By Deployment
Table 64 Rest Of World Tokenization Market, By Organization Size
Table 65 Rest Of World Tokenization Market, By End-User
Table 66 Rest Of World Tokenization Market, By Region
List Of Figures
Figure 1 Research Methodology
Figure 2 Tokenization Market: By Component (%)
Figure 3 Tokenization Market: By Application Area (%)
Figure 4 Tokenization Market: By Deployment (%)
Figure 5 Tokenization Market: By Organization Size (%)
Figure 6 Tokenization Market: By End-User (%)
Figure 7 Tokenization Market: By Region (%)
Figure 8 North America Tokenization Market, By Component (%)
Figure 9 North America Tokenization Market, By Application Area (%)
Figure 10 North America Tokenization Market, By Deployment (%)
Figure 11 North America Tokenization Market, By Organization Size (%)
Figure 12 North America Tokenization Market, By End-User (%)
Figure 13 North America Tokenization Market, By Region (%)
Figure 14 Europe Tokenization Market, By Component (%)
Figure 15 Europe Tokenization Market, By Application Area (%)
Figure 16 Europe Tokenization Market, By Deployment (%)
Figure 17 Europe Tokenization Market, By Organization Size (%)
Figure 18 Europe Tokenization Market, By End-User (%)
Figure 19 Europe Tokenization Market, By Region (%)
Figure 20 Asia-Pacific Tokenization Market, By Component (%)
Figure 21 Asia-Pacific Tokenization Market, By Application Area (%)
Figure 22 Asia-Pacific Tokenization Market, By Serives (%)
Figure 23 Asia-Pacific Tokenization Market, By Organization Size (%)
Figure 24 Asia-Pacific Tokenization Market, By End-User (%)
Figure 25 Asia-Pacific Tokenization Market, By Region (%)
Figure 26 Row Tokenization Market, By Component (%)
Figure 27 Row Tokenization Market, By Application Area (%)
Figure 28 Row Tokenization Market, By Deployment (%)
Figure 29 Row Tokenization Market, By Organization Size (%)
Figure 30 Row Tokenization Market, By End-User (%)
Figure 31 Row Tokenization Market, By Region (%)
$9.2 Billion
20%
North America
2021-2030
Market Overview:
Tokenization is a process of turning sensitive data into non-sensitive data, and it is called tokens. Tokenization can be used to replace original data with an unrelated value of the same length of format, and it is used to make the data more secure. The technology field is emerging, and with it, new technologies are invested in creating the world a more secure place with the use of real-time tokenization payment if data security can be done via phones, laptops, tablets, and other devices. With the help of this technology, sensitive data can be replaced by a token that is isolated and secured.
According to a study, the tokenization market has a cloud segment that is expected to grow more. It benefits so many businesses by giving data security to the customers. Nowadays, there are threats associated with your payment, and people are stealing personal data easily. In this case, tokenization comes to the rescue, this technology to giving people more security and stopping cybercrimes. With the rise of cyber threats, the tokenization market is expected to grow more in the coming years.
COVID-19 Analysis:
Covid-19 had a positive impact on the Global Tokenization Market, and the Global Tokenization Market Size is expected to grow from $1.9 billion in 2020 to $ 9.2 billion by 2030 post-covid. After the covid outbreak, the volume of online payment has increased drastically as people stay indoors and they use online payments for shopping. The increasing number of online payments has led to fraud activities, phishing, counter attacks. As many business organizations are dependent on online payment services, the attackers are attracted to steal sensitive and valuable money-related data. Online shopping has become more popular, and with it, the need for payment security has become important.
Tokenization won’t allow stealing personal data, so it has become a big weapon for all business organizations. People are starting to use tokenization to make their data more secure. So, the Global Tokenization Market is on the rise. COVID-19 created a good impact on the Global Tokenization Market.
Market Dynamics:
Key Drivers of global tokenization Market
Nowadays the cyber-attacks are increasing, and with it, the need to keep data security is also increasing. Data security is one of the major drivers of the Global Tokenization Market Size, as it provides security to sensitive data by providing coupons. The covid-19 has put limitations to the use of money due to the chances of covid spreading through surfaces, and an online payment method is the best way to deal with this kind of situation. For online payment, the mobile is the leading choice of people. And with the use of online payment technology, the risk of cyber-attack is also increasing, and people are adapting to the tokenization technology to deal with it. So contactless payment is one of the major drivers for the Global Tokenization Market Growth.
Restraints in the Global Tokenization Market
The lack of knowledge and understanding about the tokens is one of the biggest restraints for the Tokenization Market Growth. People don’t have an idea about how to use tokenization because it is a new technology in the payment security system, so many people are still using the old payment security system, which is more vulnerable as compared to tokenization. Money is another restraint in the tokenization market because many organizations are not ready to spend money on new technology. But the market is growing, and the drivers are helping it to grow even with the tokenization market restraints.
Challenges in the Global Tokenization Market
There are many challenges the Global Tokenization Market face, such as making people understand the new technology. Many people are not used to this tokenization technology, and therefore they are using the same old technology for their payment, so it becomes a challenge for the tokenization market to make people understand.
Another challenge is to face different cyber-attacks because, with the improvements of technology, the attack levels would also increase, to it becomes a challenge for the tokenization to come up with new solutions to keep the data safe.
Opportunities in the Global Tokenization Market
With the increasing rate of cyber-attacks, it is hard to protect sensitive information. As tokenization replaces the critical information with tokens, it will be hard for the attackers to steal it. Tokenization provides security to important information, so many organizations have started adapting to this technology. Tokenization has become very crucial in just a few years as online payment has been used so much by people these days, and it is creating opportunities for the tokenization market.
Cumulative Growth of Global Tokenization Market
As per the Global Tokenization Market is concerned the key players of tokenization are helping the market to meet the demand for tokenization market. These key players know how important tokenization us and they have understood the value of it. The size of the tokenization market is expanding, and it is expected to grow more in the upcoming days.
Value Chain Analysis:
The Global Tokenization Market is expected to grow at 20% CAGR between 2021-2030, and it is expected to grow at $9.2 Billion by 2030. The need to keep crucial data safe is the reason behind the growing demand for the tokenization market.
Tokenization Market
Segment Overview:
The Segmentation of Global Tokenization Market is on the following basis:
By Component
By Application Area
By Development
By Organization Size
By End-User
By Region
Regional Analysis:
The Global Tokenization Market is a part of studies in many regions such as North America, Asia Pacific, Europe, and other regions in the world. The need for adaption to the new technology in the payment industry to make it safer has boosted the tokenization market in North America. North America is the leading country in the world that has reduced the payment risk with the use of tokenization technology. The Europe region is also showing positive growth in the Global Tokenization Market due to the increasing need for payment security. And other regions such as India, China, and Japan have a good share in the Global Tokenization Market, and they have found this technology cheaper and more secure, and the Tokenization Market Sales are going to grow more in these regions.
Competitive Landscape Analysis:
The Global Tokenization Market is very competitive with the key players, and the Global Tokenization Market Key Players play a big role in the growth of the Tokenization Business. Some of the Key Players are:
The Key Players are contributing to the growth of the Tokenization Market, and they are the reason behind the growth of Tokenization Market Sales. Some of the key payers are First Data Corporation (US), CipherCloud (US), Inc. (US), Futurex (US), CardConnect Corp. (US), 3Delta Systems, Inc. (US), Thales e-Security, Inc. (US), CyberSource Corporation (US), Hewlett-Packard Enterprises (US), and among these key players First Data Corporation (US) contribution the most to the market.
Recent Developments:
Report Overview:
Report Attribute/Metric | Details |
---|---|
Market Size | 9.2 Billion |
CAGR | 20% |
Base Year | 2020 |
Forecast Period | 2021-2030 |
Historical Data | 2019 |
Forecast Units | Value (USD Billion) |
Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
Segments Covered | By Component, by Application |
Geographies Covered | North America, Europe, Asia-Pacific |
Key Vendors | Symantec Corporation (US) Gemalto NV (Netherlands) Fiserv Inc. (US) Paymetric Inc. (US) First Data Corporation (US) CipherCloud (US) Futurex (US) CardConnect Corp. (US) 3Delta Systems Inc. (US) Thales e-Security Inc. (US) |
Key Market Opportunities | As tokenization replaces the critical information with tokens, it will be hard for the attackers to steal it. |
Key Market Drivers | Nowadays the cyber-attacks are increasing, and with it, the need to keep data security is also increasing. |
Frequently Asked Questions (FAQ) :
The global tokenization market is expected to record a substantial market valuation of up to USD 9.2 billion by 2030.
The global tokenization market is projected to register a moderate 20% CAGR in the forecast period.
The integration services segment is slated to expand as the fastest-growing segment.
The compliance management segment is slated to expand as the fastest-growing segment.
A few major market players operating in the global tokenization market are TokenEx LLC (US), First Data Corporation (US), Protegrity USA, Inc. (US), and Paymetric, Inc. (US), among others.